What You Need To Budget for When Buying a Home

Written by Juno Beach Mortgage Syndicated User on April 6, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Juno Beach Condo Financing, Juno Beach Mortgage, Move-Up Buyers.

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need to budget for throughout the process. To get you started, here are a few things experts say you should plan for along the way. 1. Down Payment As you set your savings goal for your purchase, your down payment is likely already top of mind. And, like many other people, you may believe you...

Balancing Your Wants and Needs as a Homebuyer Today

Written by Juno Beach Mortgage Syndicated User on April 5, 2022. Posted in First Time Home Buyers, For Buyers, Juno Beach Condo Financing, Juno Beach Mortgage, Move-Up Buyers.

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist for realtor.com, explains it like this: “Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget, . . . Stick to that. Be persistent.” So how do you go about creating your list of desired features? The first step is to get pre-approved for your mortgage....

There Are Several Great Reasons To Consider Buying a Condo Today

Written by Juno Beach Mortgage Syndicated User on April 1, 2022. Posted in First Time Home Buyers, For Buyers, Juno Beach Condo Financing, Juno Beach Mortgage, Pricing.

If you’re a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be a great alternative for you. Here are a few reasons condos may be something you’ll want to consider. Exploring Condos Could Add Options That Fit Your Budget Supply challenges are a reality across the board in today’s housing market. Broadening your home search to include condos could increase your overall pool of options. Just keep in mind, condos generally differ from single-family homes in average space and floorplans. In a recent article, Bankrate...

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

Written by Juno Beach Mortgage Syndicated User on March 31, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Juno Beach Condo Financing, Juno Beach Mortgage, Pricing.

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few months ago, Freddie Mac projected mortgage rates would average 3.6% in 2022. Earlier this month, Fannie Mae forecast mortgage rates would average 3.8% in 2022. As the chart above shows, rates have already surpassed...

A Key To Building Wealth Is Homeownership

Written by Juno Beach Mortgage Syndicated User on March 29, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Juno Beach Condo Financing, Juno Beach Mortgage, Rent vs. Buy.

The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal. Owning a Home Is a Building Block for Financial Success A recent...

How an Energy Efficient Home Can Be a Bright Idea [INFOGRAPHIC]

Written by Juno Beach Mortgage Syndicated User on March 26, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Juno Beach Condo Financing, Juno Beach Mortgage, Move-Up Buyers.

Some Highlights With inflation driving up the cost of everyday items, seeking out an energy-efficient home can be a great way to decrease the expenses you can control. Energy efficiency can help lower your utility bills and possibly even save you money on your taxes. Options to look for include efficient appliances, windows, and solar panels. If you’re planning to buy a home this year, consider energy efficiency in your search. Let’s connect so you can better understand features that can save you money for years to come. Content previously posted on Keeping Current Matters

What You Can Expect from the Spring Housing Market

Written by Juno Beach Mortgage Syndicated User on March 25, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Juno Beach Condo Financing, Juno Beach Mortgage, Pricing.

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune. Here’s a look at what experts say you can expect this spring. 1. Mortgage Rates Will Climb Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some...

What You Need To Know if You’re Thinking About Building a Home

Written by Juno Beach Mortgage Syndicated User on March 24, 2022. Posted in For Buyers, Housing Market Updates, Juno Beach Condo Financing, Juno Beach Mortgage, Move-Up Buyers, New Construction.

If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they’re also facing delays due to factors outside of their control. Here’s the latest on some of the key challenges homebuilders are experiencing today and how they could impact your plans to move up. When you know what’s happening in the industry,...

The Many Benefits of Homeownership

Written by Juno Beach Mortgage Syndicated User on March 23, 2022. Posted in First Time Home Buyers, For Buyers, Juno Beach Condo Financing, Juno Beach Mortgage, Rent vs. Buy.

The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. If you’re looking to buy a home today, think about all the ways homeownership can impact your life. Homeownership Has Impactful Personal and Emotional Benefits Owning your home gives you a significant sense of pride because it’s a space that is truly yours. And as a homeowner, you can customize your home to your heart’s desire....

Did Your Dream Home Just Come on the Market?

Written by Juno Beach Mortgage Syndicated User on March 18, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Juno Beach Condo Financing, Juno Beach Mortgage, Move-Up Buyers.

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June. However, buying demand is still outpacing housing supply. Though the increase in homes coming to the market is great news for prospective homebuyers, the number of buyers is still outpacing...

Category: For Buyers